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2000 SESSION

• | print version

SB 587 Insurance rate & form regulation; exempting large commercial risks.

Introduced by: Thomas K. Norment, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Insurance rate and form regulation; exempting large commercial risks. Provides an exemption for insurers of large commercial risks from State Corporation Commission approval of policy forms and endorsements. A large commercial risk must employ a full-time risk manager and meet certain revenue and employment requirements for the exemption to apply. The exemption does not apply to rates and forms for workers’ compensation, professional liability, and commercial automobile policies.

FULL TEXT

• 01/24/00  Senate: Presented & ordered printed 004828508  pdf
• 02/15/00  Senate: Printed as engrossed 004828508-E  pdf
• 03/16/00  Senate: Bill text as passed Senate and House (SB587ER)  pdf
• 04/19/00  Governor: Acts of Assembly Chapter text (CHAP0548)  pdf

AMENDMENTS

• House amendments
• House amendments engrossed
• Senate amendments

HISTORY

• 01/24/00  Senate: Presented & ordered printed 004828508
• 01/24/00  Senate: Referred to Committee on Commerce and Labor
• 02/14/00  Senate: Reported from C. & L. with amendments (9-Y 3-N 2-A)
• 02/15/00  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/15/00  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
• 02/15/00  Senate: Read second time
• 02/15/00  Senate: Committee amendments agreed to
• 02/15/00  Senate: Engrossed by Senate as amended
• 02/15/00  Senate: Printed as engrossed 004828508-E
• 02/15/00  Senate: Constitutional reading dispensed (38-Y 0-N)
• 02/15/00  Senate: VOTE: CONST. RDG. DISPENSED (38-Y 0-N)
• 02/15/00  Senate: Passed Senate (35-Y 2-N 2-A)
• 02/15/00  Senate: VOTE: PASSAGE (35-Y 2-N 2-A)
• 02/15/00  Senate: Rec. of passage agreed to by Senate (38-Y 0-N)
• 02/15/00  Senate: VOTE: RECONSIDER (38-Y 0-N)
• 02/15/00  Senate: Passed Senate (32-Y 3-N 3-A)
• 02/15/00  Senate: VOTE: PASSAGE (32-Y 3-N 3-A)
• 02/15/00  Senate: Communicated to House
• 02/21/00  House: Placed on Calendar
• 02/21/00  House: Read first time
• 02/21/00  House: Referred to Committee on Corporations, Insurance and Banking
• 02/23/00  House: Assigned to C. I. B. sub-committee: 3
• 02/29/00  House: Reported from C. I. B. w/amds (25-Y 0-N)
• 03/01/00  House: Read second time
• 03/02/00  House: Passed by for the day
• 03/03/00  House: Read third time
• 03/03/00  House: Committee amendments agreed to
• 03/03/00  House: Engrossed by House as amended
• 03/03/00  House: Passed House with amendments (95-Y 1-N)
• 03/03/00  House: VOTE: PASSAGE (95-Y 1-N)
• 03/07/00  Senate: Reading of amendments waived
• 03/07/00  Senate: House amendments agreed to by Senate (39-Y 0-N)
• 03/07/00  Senate: VOTE: CONCUR HOUSE AMENDMENT (39-Y 0-N)
• 03/16/00  Senate: Bill text as passed Senate and House (SB587ER)
• 03/20/00  Senate: Enrolled
• 03/20/00  House: Signed by Speaker
• 03/22/00  Senate: Signed by President
• 04/06/00  Governor: Approved by Governor-Chapter 548 (effective 7/1/00)
• 04/19/00  Governor: Acts of Assembly Chapter text (CHAP0548)